Wine in United States 2021 Exports | Imports : $1.54B | $7.05B, World Rnk 7 / 188 Rnk 184 / 1216 | World Rnk 1 / 224 Rnk 82 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $54.1M | $814M, Canada | France
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Wine: -0.91, Rnk 814 / 1024
Exports In 2021, United States exported $1.54B in Wine, making it the 7th largest exporter of Wine in the world. At the same year, Wine was the 184th most exported product in United States. The main destination of Wine exports from United States are: Canada ($491M), United Kingdom ($212M), Japan ($98M), Hong Kong ($93.2M), and South Korea ($79.5M).
The fastest growing export markets for Wine of United States between 2020 and 2021 were Canada ($54.1M), South Korea ($32.6M), and China ($15.9M).
Imports In 2021, United States imported $7.05B in Wine, becoming the 1st largest importer of Wine in the world. At the same year, Wine was the 82nd most imported product in United States. United States imports Wine primarily from: France ($2.48B), Italy ($2.07B), New Zealand ($725M), Spain ($392M), and Australia ($314M).
The fastest growing import markets in Wine for United States between 2020 and 2021 were France ($814M), Italy ($367M), and New Zealand ($295M).
May 2023
Overview In May 2023 United States' Wine exports accounted up to $103M and imports accounted up to $650M, resulting in a negative trade balance of $547M. Between May 2022 and May 2023 the exports of United States' Wine have decreased by $-39.2M (-27.6%) from $142M to $103M, while imports increased by $29.3M (4.71%) from $620M to $650M.
Destinations In May 2023, Wine were exported mostly to Canada ($36.6M), United Kingdom ($13.7M), Japan ($7.65M), South Korea ($5.92M), and Hong Kong ($5.03M), and were imported mostly from France ($267M), Italy ($185M), New Zealand ($66M), Spain ($34.7M), and Australia ($29.7M).
Growth In May 2023, the decrease in Wine's year-by-year exports was explained primarily by a decrease in exports to Canada ($-7.12M or -20.8%), United Kingdom ($-3.08M or -21.5%), and Denmark ($-1.34M or -40.3%). In May 2023, the increase in Wine's year-by-year imports was explained primarily by an increase in imports from New Zealand ($28.4M or 74.8%), France ($11.1M or 7.24%), and South Africa ($5.52M or 156%).
EXPORT GROWTH (May 2022 - May 2023): $-39.2M, (-27.6%)
IMPORT GROWTH (May 2022 - May 2023): $29.3M, (4.71%)
MAIN EXPORTER (May 2023): California, $93.2M
MAIN DESTINATION (May 2023): Canada, $36.6M
This section shows Wine's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wine over time.
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EXPORTS (2021): $1.54B
IMPORTS (2021): $7.05B
NET TRADE (2021): -$5.51B
In 2021, United States exported $1.54B in Wine. The main destinations of United States exports on Wine were Canada ($491M), United Kingdom ($212M), Japan ($98M), Hong Kong ($93.2M), and South Korea ($79.5M).
In 2021, United States imported $7.05B in Wine, mainly from France ($2.48B), Italy ($2.07B), New Zealand ($725M), Spain ($392M), and Australia ($314M).
THE FASTEST GROWING Wine EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wine BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Wine were:
In 2021, United States's main importing competitors in Wine were:
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